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DEF.V ·

Defiance Commences Trading ON OTCQX

Listings & Exchange

DEFIANCE COMMENCES TRADING ON OTCQX

FOR RELEASE: APRIL 15th, 2021 TSXV: DEF

OTC: DNCVF

Defiance Silver Corp. (“Defiance” or the “ Company”) is pleased to announce that it has

successfully completed an uplisting to the OTCQX Best Market.

Upgrading to the OTCQX Market is an important step for companies seeking to provide

transparent trading for U.S. and international investors. To qualify for the OTCQX,

companies must meet high financial standards, follow best practice corporate governance and

demonstrate compliance with applicable securities laws.

Chris Wright, Chairman & CEO, commented: “ We are excited to conclude our upgrade and

begin trading on the OTCQX, which will give investors better market information,

transparency, liquidity, and ease of trading in the company’s stock.”

Zacatecas Update

The fully -financed Exploration program on our Zacatecas assets continues. Drilling

commenced in early December and is well underway with a number of key target areas

being tested. The company has submitted over 50% of the completed holes to analytical lab

facilities, and expects to submit the remainder of the completed holes in the coming weeks.

Drilling has largely been focused on a 1300 metre x 300 metre corridor (News Release: May

29th, 2020) targeting expansion of the existing resource estimate within historically poorly

recognized gaps in the historical mine both on strike and at depth as well testing prospective

structures near to the Veta Grande structure.

About Defiance Silver Corp.

Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTC; D4E | Frankfurt) is an

exploration company advancing it’s district-scale Zacatecas Projects, located in the historic Zacatecas

Silver District and the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance

is managed by a team of proven mine developers with a track record of exploring, advancing and

developing several operating mines and advanced resource projects . Defiance’s corporate man date is

to expand the Zacatecas and Tepal projects to become premier Mexican silver and gold deposits.

On behalf of Defiance Silver Corp.

“Chris Wright”

Chairman of the Board

For more information, please contact: Investor Relations at +1 (604) 343 -4677 or via email at

[email protected].

www.defiancesilver.com

Suite 2900-550 Burrard Street

Vancouver, BC V6C 0A3

Canada

Tel: +1 (604) 343-4677 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

This news release may contain forward -looking statements including but not limited to comments

regarding timing and content of upcoming work programs, geological interpretations, receipt of

property titles, potential mineral recovery processes, etc. Forward -looking statements address future

events and conditions and therefore involve inherent risks and uncertainties. Actual results may

differ materially from those currently anticipated in such statements. Defiance Silver Corp. relies

upon litigation protection for forward-looking statements.